The lending platform MakerDAO has approved a new constitution and is moving forward with its endgame plan. The endgame plan is designed to transition the platform from a decentralized autonomous organization (DAO) to a more centralized structure, in order to improve its efficiency and scalability.

The highly anticipated launch and airdrop of Arbitrum's native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim it. Overwhelming user demand led the airdrop claim page to crash shortly after its launch, displaying 404 and 429 errors for over an hour, Cointelegraph reported.

Alternative internet developer tomi has raised $40 million from venture capital firms as part of a broader effort to lure content creators to its decentralized World Wide Web alternative. 

After a lengthy period of trial and error and has been functioning on mainnet for a while, finally, the launch of the DAO governance is carried out for the Arbitrum One as well as the Arbitrum Nova network. This is being looked upon as a giant step toward decentralizing both networks. With this, the next phase of the Arbitrum will be in the hands of the DAO community.

The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, users of the Arbitrum platform, and DAOs that are building with the L2 technology. (Bitcoin.com)

Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.

Crypto VC firm Paradigm is using a $6 million token purchase to fund Code4rena, a decentralized autonomous organization that creates incentives for independent auditors hunting for bugs.

Decentralized lending protocol Aave moved closer to delisting troubled stablecoin BUSD Thursday after a roadmap for executing the plan cleared a procedural hurdle.

The Utah State Legislature passed Act HB 357, also known as the Utah Decentralized Autonomous Organizations (DAOs) Act. 

DENVER –– The organizers of this year’s ETHDenver have a good problem to tackle now that the world’s biggest Ethereum conference has wrapped: what to do with its first modest profit.